Quick note, which I intend to elaborate more upon.
Film Financiers are known entities, individuals, with histories, track records, accountability. I'm often approached by mysterious sources offering funding with unheard of simplicity and requirements.
If someone has no online presence, no company which can be tracked, no examples of funded films, and are in general difficult to obtain information upon, they are most likely not legit.
Sounds obvious but even to a seasoned professional these approaches can seem enticing. In 2024, no one is "hidden" online who has not made an effort to be and a lack of transparency is a bit of a red flag.
Obviously, one never pays for a finance opportunity ("legal deposit", etc.) Run away.
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Or it maybe a good subject for a Stage32 webinar, Ashley Renee Smith so that people really focus on due diligence and their responsibilities to check out the credibility of those offering financial as...
Expand commentOr it maybe a good subject for a Stage32 webinar, Ashley Renee Smith so that people really focus on due diligence and their responsibilities to check out the credibility of those offering financial assistance?
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ask for the name of their CPA. If they say no or don’t have one then pass.
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Great post Jack. No such thing as too much due diligence, there are so many tools available to run background checks on people or corporates - should they get past the 'duck' test (walks like a duck etc.) Great advice as always and couldn't agree with you more.
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This is an excellent post Jack, transparency is key.
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So very true, Emma Louise Smith